Based on the measurements of operating efficiency obtained from Lazard's historical financial statements, Lazard may be sliding down financialy. It has an above-average chance of going through some form of financial crunch next quarter. At this time, Lazard's Capital Surpluse is fairly stable compared to the past year.
Cash Flow Balance Sheet Income Statement
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Lazard Balance Sheet Chart
At this time, Lazard's Capital Surpluse is fairly stable compared to the past year.
The financial analysis of Lazard is a critical element in measuring its lifeblood. Investors should carefully consider Lazard's ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.
Please note, the imprecision that can be found in Lazard's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Lazard. Check Lazard's Beneish M Score to see the likelihood of Lazard's management manipulating its earnings.
Lazard Stock Summary
Lazard competes with Moelis, Stonex, BGC, PJT Partners, and Raymond James. Lazard Ltd, together with its subsidiaries, operates as a financial advisory and asset management firm in North America, Europe, Asia, Australia, and Central and South America. The company was founded in 1848 and is based in Hamilton, Bermuda. Lazard is traded on New York Stock Exchange in the United States.
An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket.
Cash flow analysis captures how much money flows into and out of Lazard. It measures of how well Lazard is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Lazard brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Lazard had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Lazard has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (capital allocation) and investing in non-business activities like paying off debt or making acquisitions.
Comparative valuation techniques use various fundamental indicators to help in determining Lazard's current stock value. Our valuation model uses many indicators to compare Lazard value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Lazard competition to find correlations between indicators driving Lazard's intrinsic value. More Info.
Lazard is rated fourth overall in return on equity category among its peers. It also is rated fourth overall in return on asset category among its peers reporting about 0.18 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Lazard is roughly 5.55 . At this time, Lazard's Return On Equity is fairly stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Lazard's earnings, one of the primary drivers of an investment's value.
Most indicators from Lazard's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Lazard current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lazard. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Today, most investors in Lazard Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Lazard's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Lazard growth as a starting point in their analysis.
Along with financial statement analysis, the daily predictive indicators of Lazard help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Lazard. We use our internally-developed statistical techniques to arrive at the intrinsic value of Lazard based on widely used predictive technical indicators. In general, we focus on analyzing Lazard Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Lazard's daily price indicators and compare them against related drivers.
When running Lazard's price analysis, check to measure Lazard's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Lazard is operating at the current time. Most of Lazard's value examination focuses on studying past and present price action to predict the probability of Lazard's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lazard's price. Additionally, you may evaluate how the addition of Lazard to your portfolios can decrease your overall portfolio volatility.